Housing Development Finance Corporation (HDFC) has received approval to raise funds through issuance of Redeemable Non-Convertible Debentures (NCDs) (secured or unsecured) and/or any other hybrid instruments (not in nature of equity shares) up to Rs 1,25,000 crore on a private placement basis. The Board of Directors of the Company at its meeting held on May 13, 2019 has approved the same.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
